Consumer fraud is an ugly beast, but often, individuals can sleep soundly knowing that instances of fraud are often covered by their banks. Corporates, however, don’t enjoy the same consumer protections, and there is no guarantee that a business will be reimbursed in cases of fraud.

Reports coming out of New Zealand may reignite a debate over whether financial institutions (FIs) should extend those same fraud protections over their business clients that they do for consumers. That’s in this week’s B2B Data Digest, which breaks down the latest numbers behind B2B payments fraud.

28 months in prison is the sentence for an Idaho individual who pleaded guilty to wire fraud charges, the Idaho State Journal reported. Law…

Read more…